Would love to hear from anyone who has successfully taken a more proactive approach to cloud cost-savings versus a reactive approach? What strategies or tactics have been key in your success?
Sort By:
Oldest
Director of IT in Healthcare and Biotecha year ago
Below an approach that I used to help save some costs. Step 1: Cloud Audit: Assess your cloud services, consumption, and expenses.
Step 2: Cost Alerts and Monitoring Set up real-time monitoring. Set budget threshold alerts with cloud cost management.
Step 3: Implement governance and policies and set cloud use restrictions. Establish cloud best practices and rules. Communicate these to all teams and departments.
Step 4: Choose Reserved Instances Over On-Demand: You might need to change your cloud instance buying approach. If your workload is predictable, use reserved instances over on-demand instances for lower prices.
Step 5: Rightsize resources and optimize cloud instance sizes. Deploy cloud management tools to examine instance performance data and shrink without impacting performance.
Step 6: Automate shutdown and cleanup Set up automation programs to shut down idle instances and clear up orphaned resources.
Step 7: Monitor and Adjust Action: Review cloud costs often.
Maintain quarterly cloud cost and usage reviews. Use these evaluations to adjust your approach.
Step 8: Teach your staff how to save money. Workshops or training could offer staff the knowledge on cloud cost management best practices.
Step 9: Assess Third-Party Tools - if cloud charges are still difficult to control, try a third-party platform with greater analytics and automation.
Step 10: Measure and Celebrate Success: Evaluate your cost-cutting methods.
Use KPIs to track cost-saving progress and celebrate victories to inspire the team.
Director of Systems Operations in Healthcare and Biotecha year ago
In the realm of cloud adoption, an good strategy begins with pre-selection deliberations to align the ideal cloud service provider with the organization's unique needs. Subsequently, a strategic blueprint is forged, with a strong focus on cost structure considerations such as departmental chargebacks, auto-scaling implementation, and robust alerting mechanisms. Vital to this strategy is the appointment of a dedicated budget governance role responsible for vigilantly monitoring cloud expenditure and operations. Under the stewardship of a Cloud Center of Excellence (COE), every cloud server provisioning is subjected to rigorous scrutiny, reinforcing fiscal responsibility and resource efficiency, while ensuring strategic alignment. This approach enables organizations to harness cloud technologies while upholding financial discipline and operational excellence.On the flip side if an organization has already let the genie out of the bag without any of this rigor or guidance, an uphill battle shall ensue.
For larger organisations, i'm collecting feedbacks that relying solely on a centralised FinOps team is not enough to scale but it serves as a catalyst to boost a cost-aware culture.